Federal Reserve Votes to Lower Interest Rates for the First Time This Year

The Federal Reserve has voted to lower interest rates for the first time this year, lowering them by a quarter of a percentage point. This comes as President Trump has tried to fire Federal Reserve Governor Lisa Cook and has repeatedly tried to pressure the Federal Reserve to lower interest rates. White House adviser Stephen Miran was sworn in as a Fed governor just minutes before the central bank meeting; Miran voted to lower interest rates.